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<br />� � 03-07-1994 DEED OF TltLlST 1A�ii� � ~��:J:;�.:-'�--
<br /> Pa e6 �,,,�:.._�,:__,
<br /> Loen No 27168 (Continued) 94" � � � ^� _
<br /> ths Unttsd Statos p�yabM at the dme ot eW. Trustee ehall detiver to euoh urohassr a purohise�s thKeot I!s yood artd euffiele�deod a �
<br /> — ' dseda conveylrp!fie propeA�r so sotd,but wlthout arry eovenant or warran�y, nsa a Impiled. The realtats In auah deed ot any matters "' ' "
<br /> �� a ftcts shatl be wndusive proat of the truthtulness therea}. Any person,I�udinp wlthout Ilmittdon Trusta,Truatee,or Lender,may , � '
<br /> . purohass at suob stie. , '_
<br /> h
<br /> ,, • �b� Aa may ba permitted by law,atter deduoUnp au cosb.kos and e�ensss ot Truatee and at lhia Trust,tncluding cosla of evfdenee of ' .. �
<br />— ritte In coeneofion wlth aata,Trustca sholt apply tho Arocc3da of snto to paymoM of Q)nll eams expended under the temre of this Deod of _ .--
<br /> • Truet a under tlw terma of the Note not then repald,inctudinp but not flmlbd to�oCru�d Interest and tate oharpes, (II)atl othar suma then , .., �
<br />— ' seoured hereby,a�d (Ilry the rem�inder.H�ny,to the person or peraona tepatty endded thereto. . •�
<br /> (o)Trustee rtwy in the n�nner provtded by taw postpone sete ot Att ar any portloe of the P►operiy. �'
<br /> RemedtOS Not F]cetu�tve. Trustee and Lender,and eaoh ot them,shall be em8led to enioroe payrt+ent a�d pedortnanoe of any indebtedness • _
<br /> • or obilQ�Uons seaured by lhis Deed ot Tros!and to exsrcise atl dphts and powera unde►this Deed of Trust,undor the Note,under any of the
<br /> Ret�ted Doaumenb,or under any other apreoment a any itara now ar herearter in torce;notwithatandin�,some or all ot such Indebtedness ,
<br /> nnd oblipadons aoourod by thfs Deed o!Tnist may now or hereafter be otherwise senured,whether by moAgage,dsed of trust,pledge,Iien,
<br /> � asslpnment ar oSherwir.,e. Netlher the axeptance of this Deed ot Tnist nor Ib eMoroement,whether by eouR sotlon a pursuant to the power of • ,
<br /> sate or other powers contairtsd in this Deed ot Trust,ahall pre udlce or in any manner aHeot Trustee's or Lenders�ight to reallre upon or
<br /> entorce any other seaudty now or hereafter hatd by Trustee a�nder,It beirp agreed that Tn:stee and Lender.and eaoh of them,shali be � '•
<br /> eMided to entace thts Deed ot Trust ond any other seaudty now or hereaHer heid by Lende�or YNStee in suoh order and manner as they a
<br /> sfthor of them may In their absolute discredon determine. No remedy conferted upon or reserved to Trustee o►Lender,Is intended to be ,
<br /> � exclushre of amr other rernady in thls Deed ot Trust or by Iaw provided or permltted,but eaoh shatl be cumuladve and shalt be in addiHon to
<br /> every other remedy yiven in thfa Ceed of Ttust or now or hereaNer e�dsdnp at taw or tn equlty or by slatute. Every power or remedy ghren by the
<br /> Note or any of the Reiated Oooumenta to Trustee or Lendar or to whioh either ot them may be othenvise en8ded, may be exerCsed,
<br /> , r,onoureently a Independendyr,trom tlme to time and as ofton as mny bo doomod expedlant by Trustae or Lender,and either of them may • ,
<br /> , ... pu�sue irroonsistn�d rb�iindi6,i. iVoth{rt8 Irs thls Osed 8t Tr,�t:.h�t bC eat�troed a°prohibldng lendgr ho�+seeki�Q a�afle'Jwney}udgmeM �_.. _
<br /> epalnst the Trustor to ths extent suoh ection IS permilted by taw. I
<br /> ` � Requeat For Notlee. Trusta,on behelf of Trustor and lender,hereby requests that e copy ot any Not�e ot Detault and a copy of any Notice � ',
<br /> of Saie under this Deetf of Trust be malied to them at the addresses set faAh fn the flrst parapreph of this�eed ot Trust.
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<br /> Wdver,Electlon ot Remed�es. A waive►by any pa►ty ot a breAOh of a provlsion oi thls Oeed o}Trust shall not consdtute a waiver of or i
<br /> preJudloe tha partys�tgMs otherwlse to demand sMct compNance with that provision a ar.y other provision. EleoUon by Lender to pureue any �
<br /> remedy provlded in this Desd ot Trust,the Note,in any Related Ooaument,ar provided by law shall not exdude pursult of any other remedy, ,
<br /> and an eiection to make expendftures or to 4tke aodon to p� '.orm an obligadon of Trustor under thia Oeed ot T�us!aHer talture of Trustor to f
<br /> perform shatl not aNeot lender's dght to deciare a defauR ano�u exetcise any ot ils remedles.
<br /> Attomeys'Fees;Otpensea �t Lender insNtutes any sult a actlon to eMorce any ot ihe terms of thls Deed of Truaf,Lender ehatt be enneed to � ,
<br /> reoover such sum as the court may adjudge reasonsble as attaneyn'tees at Mat and on any appeal. Whether or not any aou�t actlon Is ' • �.,`
<br /> invohred,ail reasonable e�enses inaurted by Lender whbh In Lender's opinlon are necessary at any Hme tor the proteatlon ot its Interest or the , �� 1
<br /> - antotC9m9nt of i!9 dghts ghaN tu�coma a Qart ot the Indebtedness payabia on demand and shali bear interest flt the Note tate itom the date of _ �_�;
<br /> " expenditure untN repafd. F.xpenses covered by lhls parepraph Inciude,without Ilmitatlon,howevar subJect to any Amlts under applicable law, —�
<br /> Lender's attorneys'lees whether or not there Is a IawsuR,Inciuding attorneys'fees for bankruptoy proceedings(Including eHorts to modity or �
<br /> vacate any automatb atny a InJuncHon),appeals and any anHcipated post-judgment coltecllon servlces,the cost of sesrching records,obtaining � '��
<br /> Utle reporls(Inciudinp toreciosure reports),sunreyors'reporis,appraisal fees,tide tr�surance,and fees for the Trustee,to the extent permifled by '' {
<br /> eppl�abie Iaw.T�ustor also wlll pay any couA costs,In addidon to all other sums provided by 18w. � ��'�
<br /> Riphts of Yruatca.Trustea shall have all o}the�ights and dudes ot Lender as set torth tn lhis secdon. • , �
<br /> POWERS AND OBLIGATIONS OF TRUSTEE. The fotlowing provislons relaHnp to the powers and obllgatbns ot Trustee are part of lhis Oeed of � «'
<br /> Trust. , ' �w'
<br /> Powero Of Trttatee. In adddlon to a11 powers ot Trustee adsing as a matter ot�aw,Trustee shall have the power to take the foilowing aetlons ' ��;•;
<br /> with respect to the Property upon the written request of Lender end Trustor: (a)Joln In preparing and filing a map or plat of the Real Property, ;�
<br /> Inciudinp the dedlcaHon ot streets a other righb to the pubib; (b)Jo1n In grandng any easement or creatlng any restdcHon on the Real Properly;
<br /> and (o)Join In any aubordlnatlon or othor agreement atfecdng this Deed ot Ttust or the interest of Lender under this Deed ot Trust. ,
<br /> TtuetEe. Trustee shBli meet all quatlHctttlons required for Trustea under appl�flble law. In addldon to the dghts and remedles set forth above, . `
<br /> wHh respect to aU or arry part ot tha PropgAy.the Trustee sheli have the�Ight to forectose by notice and sate,and Lender shall have the�Ipht to
<br /> forectose by Judiciei lorectosure,in elther C�se In axordance wlth and to the tull extent proNded by applicable taw.
<br /> 8uCCes.tor Truatee. Lender,at Lendere option,may from tlme to Hme appolnt a successor Trustee to any Trustee appdnted hereunder by an
<br /> + insfrument executed end acknowtedged by Lender and recaded In the ofNCe ot the recorder of FU►LL County,Nebraska. 'i ho instrument shalt
<br /> contain,In sddtHOn to ell other maltera roquired by state tew,the names oi the originat Lender,Trustee,and Trusla.the book and pege(or
<br /> � computer system re(erend�)where this Deed ot Trust Is rocorded,and the name and address ot the suxessor trustee,end the instrument shal�
<br /> ' be executed and acknowledged by all the beneficiaries under the Deed ot Trust or thelr successo�s tn Interest. The suc.r�ssor trustee,wlthout
<br /> conveyance of the Property,shaU succeed to aN the 1�tie,power,and duties conferred upon the Trusteo fn this Deed ot Trust and by appNcabte �
<br /> law. Thls procedure for substltutlon of bustee shali govern to the exeiuslon ot all other provislons tor substltutlon.
<br /> NOTICES TO TRUSTOR AND OTHER PARTIES. Any notit�under thls Oeed ot Trust shali ba in writing and shali be eifective when actually
<br /> deYvered,or when deposited wlth a natlonally recognfzed overnlght courter,or,if maiied,shall be deemed eNective when deposlted In the United
<br /> States mall8rat ciass,repistered mali,posf8ge prepflid,dlrectod to the addresses shown near the beginn�ng of thls Oeed of Trust. Any party may
<br /> change 11s address tor nodces under tNS Oeed ot Trust by glNng tormal written notks to the other partles,specitying that the purpose of the notice Is
<br /> to change the party's eddress. M coples of�otices of forectosure hom the hdder of any Ilen which has pnaity over this Deed ot Trust shall be sent
<br /> to Lender's address,as ahown near the beginning of this Deed ot Trust. For notice purposes,Trustor agrees to keep lender and Trustee Informed
<br /> at all tlmes of Trusta's current address.
<br /> ' MISCEU.ANEOUS PROVIS�ON8. The following miscellaneoua provlsions are a part ot thfs Deed ot Trust:
<br /> Amendments. Thls Deed of Trust,together v�nth any Reiated Dceuments,constitutes fhe entve understanding and agrsement of the pames es
<br /> s to the metters set torth In this Deed ot 7rust. No aiteratlon of or amendmant to thts Deed of Trust shaN be ettecbve unless given in wndng and
<br /> slgned by the party or partles Soughf to be charged w bound by the ftlter8tion or amendment.
<br /> Annuet RepOrtB. It the Property IS used for purposes other than Trustor's resldence,TtustOr shall furdsh to Lender,upon request,a cerrihed
<br /> statement of net operating lncome recetved hom the Property during Trustor'8 prevlous fisCe�year In SuCh form end deteil 8s Lender Shell
<br /> ' r8qult9. "Net OpBraflng InCOme"sh$II mean 811 Cash reCelpts from the Prpperty I@,S 811 CgSh ezpenditures made�n conneChOn with th9 oper8tlon
<br /> of the PropeAy.
<br /> � Applfeeble Law. Thls Oeed of Trust hes been detivered to Lender and eccepted by Lender In the 8tate ot Nebraske. Thls Deed ot Trust
<br /> shall t�e poverned by and construed tn eccordence wlth the tawa of the State ot Nebraske.
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<br /> ' provislons ot thls Deed ot Trust.
<br /> Mer�er. There shell be no merger of the interest or estate created by th�s Ocs�ed of Trust wtth any other fnterest or estate�n the Property at any
<br /> � time heid by or for tho bene6t of Lender In any capaclty,without the written consent ot Lender.
<br /> Muttiple Perties;Corporete Authority. A�I obllgations W Trustor under th�s Oeed of Trust shall be�omt and severat,and ail reterences to
<br /> • . Trustor shriil mean eaCh 8nd every Trustu. Thls meflns thflt eaCh ot ihe pereons slgning betow Is respansible for eIi obl�ga�ons tn thts Deed of
<br /> • �� TtUSt.
<br /> , • Severebllity. It a court of competent Judsdlctlon finds any provis�on o}thfs Deed ot Trust to be Invalid o�unenforceabie as to any person or
<br /> � circumsl8nce,suCh flnding sha�i not render thet provisfon Invalid or unen}orceabie es to 8ny othgr persons or C�rcumstances. �t feasibte,any
<br /> � � such oftendtng provlston 6ha11 be deemed to be modlfled to be withln the Iimfta of enlorceabtliy or va�id�ty;however.�}the oHendmg prov�sion
<br /> + Cpnnot bo so modffled,It sh8�1 be sMCken end el!othBr provlsfons of thls Oeed ot Trust In eti Othet tASpeCts ShB��rema�n v&lid and enforCeable.
<br /> � SuCCC8�Of8 Md As8lpns. SubJBCt to the IIrtYtBtlons st8ted fn thlg Deed Ot Trust On hanster o}TruStOr's IntBreSt,th�s 08ed of Trust shall be
<br /> i bindlnp upon and Inure to the beneht ot the pattles,thelr SuCCessOB 8nd a5slgns. If ownershlp O}the P�ope�ty beCOmeS vested�n e person
<br /> � Other th8n TtustOr, Lender, wtthout notiCe to TtuStor, may deat with Trustot's SuCCessors wdh rgletenCA lo ihls Oeed ot Trust end th9
<br /> , Indebtedness by wey ot forbeerBnCe or eXtenston without rele8sing Trustor hom the obiigatlons of Ihis 0eed of Trust Or Iiablhry under the
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